Your mortgage statement says that your loan is at 527, Financial Management

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Your mortgage statement says that your loan is at 527

Your mortgage statement says that your loan is at 5.27 percent APR, with monthly payments. What is the effective annual rate on your mortgage (i.e., taking into account the monthly compounding)? Enter answer in percents, accurate to two decimal places.

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Financial Management: Your mortgage statement says that your loan is at 527

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